I've written up some information which I found relevant for myself so I shouldn't need to flick back and fourth through announcements anymore every time I forget something. I think this would also be a good starting point for new investors to read over. This is all information which has been announced publicly through the ASX by RGI, I don't think I've added any opinion however feel free to speculate in the comments Enjoy
RGI SOI - 100m +50m performance shares as of 1/10/18 Cash on hand 1/7/18 - $2.8m ($2.1m to be received from CR in September quarter 2018)
Miracle Valley order (4/4/18): $2.3m total $1m paid (26/4/18)10,000 sq ft facility (stage 1) with RotoGro systems stacked 2 high (Up to 29,000 sq ft? See Ann 9/4/18) Expecting up to 12,000lbs (5400 kgs) of cannabis per year Deliveries going on room-by-room basis in H2 CY18
March 2018 quarterly: $2.3m MV dealBuildout of first grow room and manufacturing facility complete Developing design specs for a 40,000sq ft perishables facility Developing onsite laboratory for scientific testing of cannabis and perishable foods
Hanson Fertigation acquisition 17/5/18 100% ownership, paid 5,000,000 RGI shares (Plus performance shares based on EBITDA within 18, 36 and 60 months) Water treatment/nutrient management "Injection of fertilisers, soil amendments, and other water-soluble products into an irrigation system"
Gibio deal 22/5/18: 12 months work done together LOI signed 22/5/18 $375,000 CAD for 9.09% of Gibio shares (Option of up to 49% equity in Gibio, subject to Gibio board approval) 20 year exclusive global manufacturing, technology and service contract. Option to extend further 20 years. 80,000sq ft facility (420 8ft diameter RGI machines. See quarterly report 1/8/18) Two new rotational hydroponic garden prototypes to suit Gibio's operations. Any additional designs for Gibio added to the RGI designs---- will be the IP of Gibio. A further 10 facilities over the next 5 years Looking to compete with Aerofarms and Plenty Unlimited
Investors presentation 1/6/18: RGI machines produce roughly 4 times more cannabis than a flat deck (If neither are stacked) 240 RotoGro unit facility will produce 10,000lb (4500kg) per year. Miracle Valley believe they can get 12,000lbs. See above. Facility pays for itself in the first 60 day grow cycle
Capital raising 20/6/18: $4.56m raised at $0.38 per share "will allow the company to fast-track the pursuit of strategic acquisitions in lawful cannabis licenses, nutrients and perishable foods by way of equity ownership or partnership." No free attaching options.
Investor presentation 24/7/18: (Later retracted due to ASX rules on unproven facts) These figures are assuming a price of $2000/lb. Actual price is closer to $4500/lb. Annual harvests = 6 Annual yield per 10,000sqft = 10,000lbs Annual revenue per 10,000sqft = $20m Capital cost per 10,000sqft = $5m
Quarterly report 1/8/18 Gibio deal requires them to provide 3600 heads of Cos Lettuce per day for a Quebec supermarket chain Unlisted client successfully grew 3 cannabis crops in their test units and want 48 RotoGro machines for their first phase installation Completed grow cycles of cherry tomatoes, cabbage, capsicums, lettuce, herbs and chilli peppers in our grow rooms
Response to ASX Query 6/8/18 This is mostly information which provides basis to the figures posted in the retracted Investor's Presentation dated 24/7/18
RotoGro to Acquire IP & Manufacturing for Perishables 6/8/18 RGI buys the IP for their machines to design, sell and use them for the growing of perishable foods, pharmaceuticals, nutraceuticals and cannabis Paying 10m RGI shares as well as an additional 20m performances shares in 2 tranches of 10m each which convert upon reaching revenues of $5m and $10m from machines used in growing perishable foods. Quote from Managing Director, Michael Carli - " We are currently in discussions with perishable food growers and partners across Australasia, South-East Asia and Middle East with regards to growing partnerships and offtake agreements. The acquisition of Roto-Gro Inc will also allow us to undertake cost reduction reviews"
RotoGro partners with strategic organic produce group 24/8/18 Heads of Agreement to enter into a JV with Freshero Pty Ltd Freshero wants to supply produce to "significant" domestic and international wholesale customers for retail supermarkets Freshero commits to order a minimum of 100 RGI machines upon completion of their due diligence and initial testing Formal agreement includes a commitment for 600 RGI machines within 24 months RGI to receive a revenue based royalty which is to be negotiated Tony Mahoney is the Freshero CEO. Was the founder and CEO of Nutrano Produce Group Limited, CEO of Freshmax Group, had several senior positions at Woolworths for more than 10 years. Initial testing starting October 1st 2018 for a period of 120 daysRGI and Freshero will discuss key terms of a definitive joint venture agreement during the testing period The first 100 units expected to cost between $1m to $1.5m CAD
Information on EuroAg and Amfil as posted in Annual report 2018 dated 3/9/18 EuroAg RGI delivered 36 units to EuroAg in addition to the original 24 units which are being trialled by them. RGI owns the 24 trial units. EuroAg delivery schedule was affected by the 2017 Atlantic Hurricane Season. Amfil RGI is working on the design and fit-out requirements for another Amfil facility which is projected to hold 216 units. Amfil's first 100 unit facility is still units construction and delivery of units has not commenced. RGI received a non-refundable deposit on those 100 units.
RGI Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
